When the Long- Run Marginal Cost Is Less Than the Long-

question 106

Multiple Choice

When the long- run marginal cost is less than the long- run average cost, the long- run average cost slopes_______ and when the long- run marginal cost is greater than the long- run average cost, the long- run average cost slopes _______.

• A)upward; downward
• B)upward; upward
• C)downward; downward
• D)downward; upward

---

Definitions:

Wireless Radio Wave

Electromagnetic waves used for transmitting data without physical connections through the air.

I/O Modules

Hardware components in a control system that provide interfaces for input and output signals, facilitating communication between the processing unit and external devices.

PID Control

A type of feedback control system that uses Proportional, Integral, and Derivative terms to control an output variable, widely used in industrial control systems.

Mathematical Functions

Predefined operators or procedures in programming that perform calculations or mathematical operations on data.